Schumer Unveils Small BREW Act in Watkins Glen Monday

12/3/2013 5:49:48 AM

By Lucas Day

Senator Charles Schumer made a stop in Watkins Glen Monday to announce a bill that would give tax breaks to small brewers.

While at Rooster Fish Brewing, Schumer unveiled the Small BREW Act of 2013 that would cut the excise tax rate from $7 to $3.50 per barrel on the first 60-THOUSAND barrels brewed every year, resulting in the savings of more than 200-THOUSAND dollars per year, per brewery. Schumer's bill would also cut the excise tax by two dollars per barrell on the next 1.9-MILLION barrels produced, resulting in a savings of more 3.8-MILLION dollars.

Schumer said the goal of the tax cut is for brewers to be able to reinvest in their businesses and communities.